CBRE 2 LAST (BCM14)

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PTI

July 12, 2016

UPDATED: July 12, 2016 16:40 IST

Suburban and peripheral office districts of major cities

Suburban and peripheral office districts of major cities attracted steady occupier demand during the quarter and the micro-markets that dominated leasing activity across cities during the quarter were Whitefield and Electronic City in Bangalore; Sohna Road and DLF Cyber City in Gurgaon; CBD (Anna Salai, T Nagar, RK Salai, Alwarpet and Nungambakkam), OMR Zone 1 and Mount Ponnamalle Road in Chennai; IT Corridor in Hyderabad, Thane and Navi Mumbai, the report said.

The central business districts (CBDs) of several cities witnessed a change in rental values, with the exception of Delhi NCR, Mumbai and Hyderabad.

In the case of Bangalore, Chennai and Pune, the CBD rental values increased by about 2-6 per cent quarter-on-quarter due to sustained demand levels, while the Kolkata CBD witnessed a 4-6 per cent quarter-on-quarter rise in rentals.